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Solar energy will be cheaper than coal
In June 16th, Peng Boxin Energy Finance (BNEF) released the "2017 new energy outlook" (hereinafter referred to as the "Energy Outlook") analysis,
the price of solar power China, India, Mexico, Britain and Brazil will be lower than coal in 2021.
The energy outlook says solar and wind power will dominate the future power system. By 2040, wind power and solar energy will make up 48% of the world's
installed capacity and 34% of electricity, compared with 12% and 5% at present.
The report's main author Seb Henbest said: "the green global power system a trend which cannot be halted, because of the rapid decline in the cost of solar
power and wind power, and a variety of battery technology is increasing in the power supply and demand balance in the role of."
The energy outlook predicts solar power and onshore wind power costs will fall by 66% and 47% by 2040, while renewable energy will be cheaper than most fossil power plants by 2030. At present, photovoltaic levelized cost of electricity (LCOE) was only 1/4 in 2009, the levelized cost of electricity and said the cost of electricity, refers to the whole life cycle cost of power generation of new power plant, including the development of the site, equipment and civil engineering cost.
China's "energy development strategy action plan (2014-2020 years)" has proposed that in 2020 will achieve "wind power and coal electricity tariff equivalent, photovoltaic power generation and grid sales price equivalent" goal.
In recent years, the cost of electricity in China's photovoltaic industry has shown a marked decline. China PV industry association data show that 2013-2016 years, China's silicon material costs decreased by 44.4%, component costs decreased by 41.6%, inverter cost decreased by 57.1%.